Insider Buying: Hyster-Yale Materials Handling Inc (HY) Chairman Purchases 1,879 Shares of Stock

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 1,879 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average cost of $64.98 per share, for a total transaction of $122,097.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NYSE HY traded down $0.27 during trading on Tuesday, reaching $66.19. The company’s stock had a trading volume of 26,953 shares, compared to its average volume of 52,906. The firm has a market capitalization of $1.06 billion, a P/E ratio of 16.30 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. Hyster-Yale Materials Handling Inc has a one year low of $56.40 and a one year high of $91.39.

Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.33. The business had revenue of $782.90 million for the quarter, compared to analyst estimates of $761.20 million. Hyster-Yale Materials Handling had a return on equity of 7.86% and a net margin of 1.07%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 EPS.

A number of equities analysts have weighed in on HY shares. TheStreet upgraded Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a research note on Wednesday, October 31st. ValuEngine upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Four equities research analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling has a consensus rating of “Hold” and a consensus target price of $66.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC bought a new position in Hyster-Yale Materials Handling in the 3rd quarter worth about $128,000. Acadian Asset Management LLC increased its stake in Hyster-Yale Materials Handling by 162.5% in the 3rd quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 1,511 shares during the last quarter. Global X Management Co LLC bought a new position in Hyster-Yale Materials Handling in the 2nd quarter worth about $231,000. Raymond James & Associates bought a new position in Hyster-Yale Materials Handling in the 2nd quarter worth about $237,000. Finally, Tower Research Capital LLC TRC increased its stake in Hyster-Yale Materials Handling by 1,184.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,405 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 4,062 shares during the last quarter. Institutional investors and hedge funds own 50.45% of the company’s stock.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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